31 July 2020
The Weir Group PLC
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them
The Weir Group PLC (the "Company") hereby announces that on 30 July 2020, the PDMR noted below was granted a restricted share award under The Weir Group Share Reward Plan.
This notification relates to a transaction notified in accordance with the Market Abuse Regulation, further details below:
Details of the person discharging managerial responsibilities/ person closely associated
Reason for the notification
Chief Strategy and Sustainability Officer
Initial notification/ Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
The Weir Group PLC
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument
Ordinary shares of 12.5p each fully paid
Nature of the transaction
Grant of Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, in respect of 25% of the Restricted Share Award; 8 April 2023, in respect of 25% of the Restricted Share Award; 8 April 2024, in respect of 25% of the Restricted Share Award; and 8 April 2025, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
30 July 2020
Place of the transaction
Outside a trading venue
For further information, please contact:
Telephone: 0141 308 3771
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